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Mortgage Calculator With Extra Payments

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Mortgage Calculator with extra payments to calculate your monthly mortgage payments. Extra payment mortgage calculator with multiple extra payments and lump sum has the option to export the printable amortization schedule with extra payments in excel or pdf format. The amortization table has all the details about your mortgage payments, such as principal & interest paid, additional mortgage payment, remaining balance as well as tax and insurance.

Extra Payment Mortgage Calculator

Home Value
$
Down Payment
Mortgage Amount
$
Loan Terms
Interest Rate
PMI (Yearly)
Property Tax (Yearly)
Home Insurance (Yearly)
HOA Fees (Monthly)
Payment Frequency
First Payment Date

Amortization Schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date

Mortgage Calculator Results

Home Value: $300,000.00
Mortgage Amount: $255,000.00
Monthly Principal & Interest: $1,368.90
Monthly Extra Payment: $0.00
Monthly Property Tax: $250.00
Monthly Home Insurance: $125.00
Monthly PMI: (Until Jul, 2028) $106.25
Monthly HOA Fees: $0.00
Total Monthly Payment:
$1,850.15
Total # Of Payments: 360
Start Date: Nov, 2024
Payoff Date: Oct, 2054
Down Payment: $45,000.00
Principal: $255,000.00
Total Extra Payment: $0.00
Total Interest Paid: $237,802.25
Total Tax, Insurance, PMI and Fees: $139,781.25
Total of all Payments:
$677,583.50

Amortization Schedule with Extra Payments

Payment Date Payment # Interest Principal Tax, Insurance, PMI & Fees Total Payment Balance
Nov, 2024 1 $1,062.50 $306.40 $481.25 $1,850.15 $254,693.60
Dec, 2024 2 $1,061.22 $307.67 $481.25 $1,850.15 $254,385.93
Jan, 2025 3 $1,059.94 $308.95 $481.25 $1,850.15 $254,076.98
Feb, 2025 4 $1,058.65 $310.24 $481.25 $1,850.15 $253,766.74
Mar, 2025 5 $1,057.36 $311.53 $481.25 $1,850.15 $253,455.20
Apr, 2025 6 $1,056.06 $312.83 $481.25 $1,850.15 $253,142.37
May, 2025 7 $1,054.76 $314.14 $481.25 $1,850.15 $252,828.24
Jun, 2025 8 $1,053.45 $315.44 $481.25 $1,850.15 $252,512.79
Jul, 2025 9 $1,052.14 $316.76 $481.25 $1,850.15 $252,196.03
Aug, 2025 10 $1,050.82 $318.08 $481.25 $1,850.15 $251,877.96
Sep, 2025 11 $1,049.49 $319.40 $481.25 $1,850.15 $251,558.55
Oct, 2025 12 $1,048.16 $320.73 $481.25 $1,850.15 $251,237.82
Nov, 2025 13 $1,046.82 $322.07 $481.25 $1,850.15 $250,915.75
Dec, 2025 14 $1,045.48 $323.41 $481.25 $1,850.15 $250,592.33
Jan, 2026 15 $1,044.13 $324.76 $481.25 $1,850.15 $250,267.57
Feb, 2026 16 $1,042.78 $326.11 $481.25 $1,850.15 $249,941.46
Mar, 2026 17 $1,041.42 $327.47 $481.25 $1,850.15 $249,613.99
Apr, 2026 18 $1,040.06 $328.84 $481.25 $1,850.15 $249,285.15
May, 2026 19 $1,038.69 $330.21 $481.25 $1,850.15 $248,954.94
Jun, 2026 20 $1,037.31 $331.58 $481.25 $1,850.15 $248,623.36
Jul, 2026 21 $1,035.93 $332.96 $481.25 $1,850.15 $248,290.40
Aug, 2026 22 $1,034.54 $334.35 $481.25 $1,850.15 $247,956.05
Sep, 2026 23 $1,033.15 $335.74 $481.25 $1,850.15 $247,620.30
Oct, 2026 24 $1,031.75 $337.14 $481.25 $1,850.15 $247,283.16
Nov, 2026 25 $1,030.35 $338.55 $481.25 $1,850.15 $246,944.61
Dec, 2026 26 $1,028.94 $339.96 $481.25 $1,850.15 $246,604.65
Jan, 2027 27 $1,027.52 $341.38 $481.25 $1,850.15 $246,263.27
Feb, 2027 28 $1,026.10 $342.80 $481.25 $1,850.15 $245,920.47
Mar, 2027 29 $1,024.67 $344.23 $481.25 $1,850.15 $245,576.25
Apr, 2027 30 $1,023.23 $345.66 $481.25 $1,850.15 $245,230.59
May, 2027 31 $1,021.79 $347.10 $481.25 $1,850.15 $244,883.49
Jun, 2027 32 $1,020.35 $348.55 $481.25 $1,850.15 $244,534.94
Jul, 2027 33 $1,018.90 $350.00 $481.25 $1,850.15 $244,184.94
Aug, 2027 34 $1,017.44 $351.46 $481.25 $1,850.15 $243,833.48
Sep, 2027 35 $1,015.97 $352.92 $481.25 $1,850.15 $243,480.56
Oct, 2027 36 $1,014.50 $354.39 $481.25 $1,850.15 $243,126.17
Nov, 2027 37 $1,013.03 $355.87 $481.25 $1,850.15 $242,770.30
Dec, 2027 38 $1,011.54 $357.35 $481.25 $1,850.15 $242,412.94
Jan, 2028 39 $1,010.05 $358.84 $481.25 $1,850.15 $242,054.10
Feb, 2028 40 $1,008.56 $360.34 $481.25 $1,850.15 $241,693.77
Mar, 2028 41 $1,007.06 $361.84 $481.25 $1,850.15 $241,331.93
Apr, 2028 42 $1,005.55 $363.35 $481.25 $1,850.15 $240,968.58
May, 2028 43 $1,004.04 $364.86 $481.25 $1,850.15 $240,603.72
Jun, 2028 44 $1,002.52 $366.38 $481.25 $1,850.15 $240,237.34
Jul, 2028 45 $1,000.99 $367.91 $481.25 $1,850.15 $239,869.44
Aug, 2028 46 $999.46 $369.44 $375.00 $1,743.90 $239,500.00
Sep, 2028 47 $997.92 $370.98 $375.00 $1,743.90 $239,129.02
Oct, 2028 48 $996.37 $372.52 $375.00 $1,743.90 $238,756.50
Nov, 2028 49 $994.82 $374.08 $375.00 $1,743.90 $238,382.42
Dec, 2028 50 $993.26 $375.64 $375.00 $1,743.90 $238,006.79
Jan, 2029 51 $991.69 $377.20 $375.00 $1,743.90 $237,629.59
Feb, 2029 52 $990.12 $378.77 $375.00 $1,743.90 $237,250.81
Mar, 2029 53 $988.55 $380.35 $375.00 $1,743.90 $236,870.46
Apr, 2029 54 $986.96 $381.93 $375.00 $1,743.90 $236,488.53
May, 2029 55 $985.37 $383.53 $375.00 $1,743.90 $236,105.00
Jun, 2029 56 $983.77 $385.12 $375.00 $1,743.90 $235,719.88
Jul, 2029 57 $982.17 $386.73 $375.00 $1,743.90 $235,333.15
Aug, 2029 58 $980.55 $388.34 $375.00 $1,743.90 $234,944.81
Sep, 2029 59 $978.94 $389.96 $375.00 $1,743.90 $234,554.85
Oct, 2029 60 $977.31 $391.58 $375.00 $1,743.90 $234,163.27
Nov, 2029 61 $975.68 $393.21 $375.00 $1,743.90 $233,770.05
Dec, 2029 62 $974.04 $394.85 $375.00 $1,743.90 $233,375.20
Jan, 2030 63 $972.40 $396.50 $375.00 $1,743.90 $232,978.70
Feb, 2030 64 $970.74 $398.15 $375.00 $1,743.90 $232,580.55
Mar, 2030 65 $969.09 $399.81 $375.00 $1,743.90 $232,180.74
Apr, 2030 66 $967.42 $401.48 $375.00 $1,743.90 $231,779.26
May, 2030 67 $965.75 $403.15 $375.00 $1,743.90 $231,376.12
Jun, 2030 68 $964.07 $404.83 $375.00 $1,743.90 $230,971.29
Jul, 2030 69 $962.38 $406.51 $375.00 $1,743.90 $230,564.77
Aug, 2030 70 $960.69 $408.21 $375.00 $1,743.90 $230,156.57
Sep, 2030 71 $958.99 $409.91 $375.00 $1,743.90 $229,746.66
Oct, 2030 72 $957.28 $411.62 $375.00 $1,743.90 $229,335.04
Nov, 2030 73 $955.56 $413.33 $375.00 $1,743.90 $228,921.71
Dec, 2030 74 $953.84 $415.05 $375.00 $1,743.90 $228,506.65
Jan, 2031 75 $952.11 $416.78 $375.00 $1,743.90 $228,089.87
Feb, 2031 76 $950.37 $418.52 $375.00 $1,743.90 $227,671.35
Mar, 2031 77 $948.63 $420.26 $375.00 $1,743.90 $227,251.08
Apr, 2031 78 $946.88 $422.02 $375.00 $1,743.90 $226,829.07
May, 2031 79 $945.12 $423.77 $375.00 $1,743.90 $226,405.29
Jun, 2031 80 $943.36 $425.54 $375.00 $1,743.90 $225,979.75
Jul, 2031 81 $941.58 $427.31 $375.00 $1,743.90 $225,552.44
Aug, 2031 82 $939.80 $429.09 $375.00 $1,743.90 $225,123.35
Sep, 2031 83 $938.01 $430.88 $375.00 $1,743.90 $224,692.47
Oct, 2031 84 $936.22 $432.68 $375.00 $1,743.90 $224,259.79
Nov, 2031 85 $934.42 $434.48 $375.00 $1,743.90 $223,825.31
Dec, 2031 86 $932.61 $436.29 $375.00 $1,743.90 $223,389.02
Jan, 2032 87 $930.79 $438.11 $375.00 $1,743.90 $222,950.91
Feb, 2032 88 $928.96 $439.93 $375.00 $1,743.90 $222,510.98
Mar, 2032 89 $927.13 $441.77 $375.00 $1,743.90 $222,069.21
Apr, 2032 90 $925.29 $443.61 $375.00 $1,743.90 $221,625.61
May, 2032 91 $923.44 $445.46 $375.00 $1,743.90 $221,180.15
Jun, 2032 92 $921.58 $447.31 $375.00 $1,743.90 $220,732.84
Jul, 2032 93 $919.72 $449.17 $375.00 $1,743.90 $220,283.66
Aug, 2032 94 $917.85 $451.05 $375.00 $1,743.90 $219,832.62
Sep, 2032 95 $915.97 $452.93 $375.00 $1,743.90 $219,379.69
Oct, 2032 96 $914.08 $454.81 $375.00 $1,743.90 $218,924.88
Nov, 2032 97 $912.19 $456.71 $375.00 $1,743.90 $218,468.17
Dec, 2032 98 $910.28 $458.61 $375.00 $1,743.90 $218,009.56
Jan, 2033 99 $908.37 $460.52 $375.00 $1,743.90 $217,549.04
Feb, 2033 100 $906.45 $462.44 $375.00 $1,743.90 $217,086.60
Mar, 2033 101 $904.53 $464.37 $375.00 $1,743.90 $216,622.23
Apr, 2033 102 $902.59 $466.30 $375.00 $1,743.90 $216,155.93
May, 2033 103 $900.65 $468.25 $375.00 $1,743.90 $215,687.68
Jun, 2033 104 $898.70 $470.20 $375.00 $1,743.90 $215,217.49
Jul, 2033 105 $896.74 $472.16 $375.00 $1,743.90 $214,745.33
Aug, 2033 106 $894.77 $474.12 $375.00 $1,743.90 $214,271.21
Sep, 2033 107 $892.80 $476.10 $375.00 $1,743.90 $213,795.11
Oct, 2033 108 $890.81 $478.08 $375.00 $1,743.90 $213,317.03
Nov, 2033 109 $888.82 $480.07 $375.00 $1,743.90 $212,836.95
Dec, 2033 110 $886.82 $482.07 $375.00 $1,743.90 $212,354.88
Jan, 2034 111 $884.81 $484.08 $375.00 $1,743.90 $211,870.79
Feb, 2034 112 $882.79 $486.10 $375.00 $1,743.90 $211,384.69
Mar, 2034 113 $880.77 $488.13 $375.00 $1,743.90 $210,896.57
Apr, 2034 114 $878.74 $490.16 $375.00 $1,743.90 $210,406.41
May, 2034 115 $876.69 $492.20 $375.00 $1,743.90 $209,914.21
Jun, 2034 116 $874.64 $494.25 $375.00 $1,743.90 $209,419.95
Jul, 2034 117 $872.58 $496.31 $375.00 $1,743.90 $208,923.64
Aug, 2034 118 $870.52 $498.38 $375.00 $1,743.90 $208,425.26
Sep, 2034 119 $868.44 $500.46 $375.00 $1,743.90 $207,924.81
Oct, 2034 120 $866.35 $502.54 $375.00 $1,743.90 $207,422.26
Nov, 2034 121 $864.26 $504.64 $375.00 $1,743.90 $206,917.63
Dec, 2034 122 $862.16 $506.74 $375.00 $1,743.90 $206,410.89
Jan, 2035 123 $860.05 $508.85 $375.00 $1,743.90 $205,902.04
Feb, 2035 124 $857.93 $510.97 $375.00 $1,743.90 $205,391.07
Mar, 2035 125 $855.80 $513.10 $375.00 $1,743.90 $204,877.97
Apr, 2035 126 $853.66 $515.24 $375.00 $1,743.90 $204,362.73
May, 2035 127 $851.51 $517.38 $375.00 $1,743.90 $203,845.35
Jun, 2035 128 $849.36 $519.54 $375.00 $1,743.90 $203,325.81
Jul, 2035 129 $847.19 $521.70 $375.00 $1,743.90 $202,804.11
Aug, 2035 130 $845.02 $523.88 $375.00 $1,743.90 $202,280.23
Sep, 2035 131 $842.83 $526.06 $375.00 $1,743.90 $201,754.17
Oct, 2035 132 $840.64 $528.25 $375.00 $1,743.90 $201,225.92
Nov, 2035 133 $838.44 $530.45 $375.00 $1,743.90 $200,695.46
Dec, 2035 134 $836.23 $532.66 $375.00 $1,743.90 $200,162.80
Jan, 2036 135 $834.01 $534.88 $375.00 $1,743.90 $199,627.91
Feb, 2036 136 $831.78 $537.11 $375.00 $1,743.90 $199,090.80
Mar, 2036 137 $829.55 $539.35 $375.00 $1,743.90 $198,551.45
Apr, 2036 138 $827.30 $541.60 $375.00 $1,743.90 $198,009.85
May, 2036 139 $825.04 $543.85 $375.00 $1,743.90 $197,466.00
Jun, 2036 140 $822.78 $546.12 $375.00 $1,743.90 $196,919.88
Jul, 2036 141 $820.50 $548.40 $375.00 $1,743.90 $196,371.48
Aug, 2036 142 $818.21 $550.68 $375.00 $1,743.90 $195,820.80
Sep, 2036 143 $815.92 $552.98 $375.00 $1,743.90 $195,267.83
Oct, 2036 144 $813.62 $555.28 $375.00 $1,743.90 $194,712.55
Nov, 2036 145 $811.30 $557.59 $375.00 $1,743.90 $194,154.96
Dec, 2036 146 $808.98 $559.92 $375.00 $1,743.90 $193,595.04
Jan, 2037 147 $806.65 $562.25 $375.00 $1,743.90 $193,032.79
Feb, 2037 148 $804.30 $564.59 $375.00 $1,743.90 $192,468.20
Mar, 2037 149 $801.95 $566.94 $375.00 $1,743.90 $191,901.26
Apr, 2037 150 $799.59 $569.31 $375.00 $1,743.90 $191,331.95
May, 2037 151 $797.22 $571.68 $375.00 $1,743.90 $190,760.27
Jun, 2037 152 $794.83 $574.06 $375.00 $1,743.90 $190,186.21
Jul, 2037 153 $792.44 $576.45 $375.00 $1,743.90 $189,609.76
Aug, 2037 154 $790.04 $578.85 $375.00 $1,743.90 $189,030.90
Sep, 2037 155 $787.63 $581.27 $375.00 $1,743.90 $188,449.64
Oct, 2037 156 $785.21 $583.69 $375.00 $1,743.90 $187,865.95
Nov, 2037 157 $782.77 $586.12 $375.00 $1,743.90 $187,279.83
Dec, 2037 158 $780.33 $588.56 $375.00 $1,743.90 $186,691.26
Jan, 2038 159 $777.88 $591.01 $375.00 $1,743.90 $186,100.25
Feb, 2038 160 $775.42 $593.48 $375.00 $1,743.90 $185,506.77
Mar, 2038 161 $772.94 $595.95 $375.00 $1,743.90 $184,910.82
Apr, 2038 162 $770.46 $598.43 $375.00 $1,743.90 $184,312.39
May, 2038 163 $767.97 $600.93 $375.00 $1,743.90 $183,711.46
Jun, 2038 164 $765.46 $603.43 $375.00 $1,743.90 $183,108.03
Jul, 2038 165 $762.95 $605.95 $375.00 $1,743.90 $182,502.09
Aug, 2038 166 $760.43 $608.47 $375.00 $1,743.90 $181,893.62
Sep, 2038 167 $757.89 $611.01 $375.00 $1,743.90 $181,282.61
Oct, 2038 168 $755.34 $613.55 $375.00 $1,743.90 $180,669.06
Nov, 2038 169 $752.79 $616.11 $375.00 $1,743.90 $180,052.95
Dec, 2038 170 $750.22 $618.67 $375.00 $1,743.90 $179,434.28
Jan, 2039 171 $747.64 $621.25 $375.00 $1,743.90 $178,813.03
Feb, 2039 172 $745.05 $623.84 $375.00 $1,743.90 $178,189.19
Mar, 2039 173 $742.45 $626.44 $375.00 $1,743.90 $177,562.75
Apr, 2039 174 $739.84 $629.05 $375.00 $1,743.90 $176,933.69
May, 2039 175 $737.22 $631.67 $375.00 $1,743.90 $176,302.02
Jun, 2039 176 $734.59 $634.30 $375.00 $1,743.90 $175,667.72
Jul, 2039 177 $731.95 $636.95 $375.00 $1,743.90 $175,030.77
Aug, 2039 178 $729.29 $639.60 $375.00 $1,743.90 $174,391.17
Sep, 2039 179 $726.63 $642.27 $375.00 $1,743.90 $173,748.91
Oct, 2039 180 $723.95 $644.94 $375.00 $1,743.90 $173,103.97
Nov, 2039 181 $721.27 $647.63 $375.00 $1,743.90 $172,456.34
Dec, 2039 182 $718.57 $650.33 $375.00 $1,743.90 $171,806.01
Jan, 2040 183 $715.86 $653.04 $375.00 $1,743.90 $171,152.97
Feb, 2040 184 $713.14 $655.76 $375.00 $1,743.90 $170,497.22
Mar, 2040 185 $710.41 $658.49 $375.00 $1,743.90 $169,838.73
Apr, 2040 186 $707.66 $661.23 $375.00 $1,743.90 $169,177.49
May, 2040 187 $704.91 $663.99 $375.00 $1,743.90 $168,513.50
Jun, 2040 188 $702.14 $666.76 $375.00 $1,743.90 $167,846.75
Jul, 2040 189 $699.36 $669.53 $375.00 $1,743.90 $167,177.21
Aug, 2040 190 $696.57 $672.32 $375.00 $1,743.90 $166,504.89
Sep, 2040 191 $693.77 $675.12 $375.00 $1,743.90 $165,829.77
Oct, 2040 192 $690.96 $677.94 $375.00 $1,743.90 $165,151.83
Nov, 2040 193 $688.13 $680.76 $375.00 $1,743.90 $164,471.07
Dec, 2040 194 $685.30 $683.60 $375.00 $1,743.90 $163,787.47
Jan, 2041 195 $682.45 $686.45 $375.00 $1,743.90 $163,101.02
Feb, 2041 196 $679.59 $689.31 $375.00 $1,743.90 $162,411.71
Mar, 2041 197 $676.72 $692.18 $375.00 $1,743.90 $161,719.53
Apr, 2041 198 $673.83 $695.06 $375.00 $1,743.90 $161,024.47
May, 2041 199 $670.94 $697.96 $375.00 $1,743.90 $160,326.51
Jun, 2041 200 $668.03 $700.87 $375.00 $1,743.90 $159,625.64
Jul, 2041 201 $665.11 $703.79 $375.00 $1,743.90 $158,921.85
Aug, 2041 202 $662.17 $706.72 $375.00 $1,743.90 $158,215.13
Sep, 2041 203 $659.23 $709.67 $375.00 $1,743.90 $157,505.47
Oct, 2041 204 $656.27 $712.62 $375.00 $1,743.90 $156,792.84
Nov, 2041 205 $653.30 $715.59 $375.00 $1,743.90 $156,077.25
Dec, 2041 206 $650.32 $718.57 $375.00 $1,743.90 $155,358.68
Jan, 2042 207 $647.33 $721.57 $375.00 $1,743.90 $154,637.11
Feb, 2042 208 $644.32 $724.57 $375.00 $1,743.90 $153,912.54
Mar, 2042 209 $641.30 $727.59 $375.00 $1,743.90 $153,184.95
Apr, 2042 210 $638.27 $730.62 $375.00 $1,743.90 $152,454.32
May, 2042 211 $635.23 $733.67 $375.00 $1,743.90 $151,720.65
Jun, 2042 212 $632.17 $736.73 $375.00 $1,743.90 $150,983.93
Jul, 2042 213 $629.10 $739.80 $375.00 $1,743.90 $150,244.13
Aug, 2042 214 $626.02 $742.88 $375.00 $1,743.90 $149,501.25
Sep, 2042 215 $622.92 $745.97 $375.00 $1,743.90 $148,755.28
Oct, 2042 216 $619.81 $749.08 $375.00 $1,743.90 $148,006.20
Nov, 2042 217 $616.69 $752.20 $375.00 $1,743.90 $147,254.00
Dec, 2042 218 $613.56 $755.34 $375.00 $1,743.90 $146,498.66
Jan, 2043 219 $610.41 $758.48 $375.00 $1,743.90 $145,740.17
Feb, 2043 220 $607.25 $761.64 $375.00 $1,743.90 $144,978.53
Mar, 2043 221 $604.08 $764.82 $375.00 $1,743.90 $144,213.71
Apr, 2043 222 $600.89 $768.00 $375.00 $1,743.90 $143,445.71
May, 2043 223 $597.69 $771.20 $375.00 $1,743.90 $142,674.50
Jun, 2043 224 $594.48 $774.42 $375.00 $1,743.90 $141,900.08
Jul, 2043 225 $591.25 $777.64 $375.00 $1,743.90 $141,122.44
Aug, 2043 226 $588.01 $780.88 $375.00 $1,743.90 $140,341.56
Sep, 2043 227 $584.76 $784.14 $375.00 $1,743.90 $139,557.42
Oct, 2043 228 $581.49 $787.41 $375.00 $1,743.90 $138,770.01
Nov, 2043 229 $578.21 $790.69 $375.00 $1,743.90 $137,979.32
Dec, 2043 230 $574.91 $793.98 $375.00 $1,743.90 $137,185.34
Jan, 2044 231 $571.61 $797.29 $375.00 $1,743.90 $136,388.05
Feb, 2044 232 $568.28 $800.61 $375.00 $1,743.90 $135,587.44
Mar, 2044 233 $564.95 $803.95 $375.00 $1,743.90 $134,783.49
Apr, 2044 234 $561.60 $807.30 $375.00 $1,743.90 $133,976.20
May, 2044 235 $558.23 $810.66 $375.00 $1,743.90 $133,165.54
Jun, 2044 236 $554.86 $814.04 $375.00 $1,743.90 $132,351.50
Jul, 2044 237 $551.46 $817.43 $375.00 $1,743.90 $131,534.07
Aug, 2044 238 $548.06 $820.84 $375.00 $1,743.90 $130,713.23
Sep, 2044 239 $544.64 $824.26 $375.00 $1,743.90 $129,888.97
Oct, 2044 240 $541.20 $827.69 $375.00 $1,743.90 $129,061.28
Nov, 2044 241 $537.76 $831.14 $375.00 $1,743.90 $128,230.14
Dec, 2044 242 $534.29 $834.60 $375.00 $1,743.90 $127,395.54
Jan, 2045 243 $530.81 $838.08 $375.00 $1,743.90 $126,557.46
Feb, 2045 244 $527.32 $841.57 $375.00 $1,743.90 $125,715.89
Mar, 2045 245 $523.82 $845.08 $375.00 $1,743.90 $124,870.81
Apr, 2045 246 $520.30 $848.60 $375.00 $1,743.90 $124,022.21
May, 2045 247 $516.76 $852.14 $375.00 $1,743.90 $123,170.07
Jun, 2045 248 $513.21 $855.69 $375.00 $1,743.90 $122,314.39
Jul, 2045 249 $509.64 $859.25 $375.00 $1,743.90 $121,455.13
Aug, 2045 250 $506.06 $862.83 $375.00 $1,743.90 $120,592.30
Sep, 2045 251 $502.47 $866.43 $375.00 $1,743.90 $119,725.87
Oct, 2045 252 $498.86 $870.04 $375.00 $1,743.90 $118,855.84
Nov, 2045 253 $495.23 $873.66 $375.00 $1,743.90 $117,982.17
Dec, 2045 254 $491.59 $877.30 $375.00 $1,743.90 $117,104.87
Jan, 2046 255 $487.94 $880.96 $375.00 $1,743.90 $116,223.91
Feb, 2046 256 $484.27 $884.63 $375.00 $1,743.90 $115,339.28
Mar, 2046 257 $480.58 $888.31 $375.00 $1,743.90 $114,450.97
Apr, 2046 258 $476.88 $892.02 $375.00 $1,743.90 $113,558.95
May, 2046 259 $473.16 $895.73 $375.00 $1,743.90 $112,663.22
Jun, 2046 260 $469.43 $899.47 $375.00 $1,743.90 $111,763.76
Jul, 2046 261 $465.68 $903.21 $375.00 $1,743.90 $110,860.54
Aug, 2046 262 $461.92 $906.98 $375.00 $1,743.90 $109,953.57
Sep, 2046 263 $458.14 $910.76 $375.00 $1,743.90 $109,042.81
Oct, 2046 264 $454.35 $914.55 $375.00 $1,743.90 $108,128.26
Nov, 2046 265 $450.53 $918.36 $375.00 $1,743.90 $107,209.90
Dec, 2046 266 $446.71 $922.19 $375.00 $1,743.90 $106,287.71
Jan, 2047 267 $442.87 $926.03 $375.00 $1,743.90 $105,361.68
Feb, 2047 268 $439.01 $929.89 $375.00 $1,743.90 $104,431.80
Mar, 2047 269 $435.13 $933.76 $375.00 $1,743.90 $103,498.03
Apr, 2047 270 $431.24 $937.65 $375.00 $1,743.90 $102,560.38
May, 2047 271 $427.33 $941.56 $375.00 $1,743.90 $101,618.82
Jun, 2047 272 $423.41 $945.48 $375.00 $1,743.90 $100,673.34
Jul, 2047 273 $419.47 $949.42 $375.00 $1,743.90 $99,723.91
Aug, 2047 274 $415.52 $953.38 $375.00 $1,743.90 $98,770.53
Sep, 2047 275 $411.54 $957.35 $375.00 $1,743.90 $97,813.18
Oct, 2047 276 $407.55 $961.34 $375.00 $1,743.90 $96,851.84
Nov, 2047 277 $403.55 $965.35 $375.00 $1,743.90 $95,886.50
Dec, 2047 278 $399.53 $969.37 $375.00 $1,743.90 $94,917.13
Jan, 2048 279 $395.49 $973.41 $375.00 $1,743.90 $93,943.72
Feb, 2048 280 $391.43 $977.46 $375.00 $1,743.90 $92,966.26
Mar, 2048 281 $387.36 $981.54 $375.00 $1,743.90 $91,984.72
Apr, 2048 282 $383.27 $985.63 $375.00 $1,743.90 $90,999.10
May, 2048 283 $379.16 $989.73 $375.00 $1,743.90 $90,009.37
Jun, 2048 284 $375.04 $993.86 $375.00 $1,743.90 $89,015.51
Jul, 2048 285 $370.90 $998.00 $375.00 $1,743.90 $88,017.51
Aug, 2048 286 $366.74 $1,002.16 $375.00 $1,743.90 $87,015.36
Sep, 2048 287 $362.56 $1,006.33 $375.00 $1,743.90 $86,009.03
Oct, 2048 288 $358.37 $1,010.52 $375.00 $1,743.90 $84,998.50
Nov, 2048 289 $354.16 $1,014.73 $375.00 $1,743.90 $83,983.77
Dec, 2048 290 $349.93 $1,018.96 $375.00 $1,743.90 $82,964.80
Jan, 2049 291 $345.69 $1,023.21 $375.00 $1,743.90 $81,941.60
Feb, 2049 292 $341.42 $1,027.47 $375.00 $1,743.90 $80,914.12
Mar, 2049 293 $337.14 $1,031.75 $375.00 $1,743.90 $79,882.37
Apr, 2049 294 $332.84 $1,036.05 $375.00 $1,743.90 $78,846.32
May, 2049 295 $328.53 $1,040.37 $375.00 $1,743.90 $77,805.95
Jun, 2049 296 $324.19 $1,044.70 $375.00 $1,743.90 $76,761.25
Jul, 2049 297 $319.84 $1,049.06 $375.00 $1,743.90 $75,712.19
Aug, 2049 298 $315.47 $1,053.43 $375.00 $1,743.90 $74,658.76
Sep, 2049 299 $311.08 $1,057.82 $375.00 $1,743.90 $73,600.94
Oct, 2049 300 $306.67 $1,062.22 $375.00 $1,743.90 $72,538.72
Nov, 2049 301 $302.24 $1,066.65 $375.00 $1,743.90 $71,472.07
Dec, 2049 302 $297.80 $1,071.09 $375.00 $1,743.90 $70,400.97
Jan, 2050 303 $293.34 $1,075.56 $375.00 $1,743.90 $69,325.42
Feb, 2050 304 $288.86 $1,080.04 $375.00 $1,743.90 $68,245.38
Mar, 2050 305 $284.36 $1,084.54 $375.00 $1,743.90 $67,160.84
Apr, 2050 306 $279.84 $1,089.06 $375.00 $1,743.90 $66,071.78
May, 2050 307 $275.30 $1,093.60 $375.00 $1,743.90 $64,978.18
Jun, 2050 308 $270.74 $1,098.15 $375.00 $1,743.90 $63,880.03
Jul, 2050 309 $266.17 $1,102.73 $375.00 $1,743.90 $62,777.30
Aug, 2050 310 $261.57 $1,107.32 $375.00 $1,743.90 $61,669.98
Sep, 2050 311 $256.96 $1,111.94 $375.00 $1,743.90 $60,558.04
Oct, 2050 312 $252.33 $1,116.57 $375.00 $1,743.90 $59,441.47
Nov, 2050 313 $247.67 $1,121.22 $375.00 $1,743.90 $58,320.25
Dec, 2050 314 $243.00 $1,125.89 $375.00 $1,743.90 $57,194.36
Jan, 2051 315 $238.31 $1,130.59 $375.00 $1,743.90 $56,063.77
Feb, 2051 316 $233.60 $1,135.30 $375.00 $1,743.90 $54,928.48
Mar, 2051 317 $228.87 $1,140.03 $375.00 $1,743.90 $53,788.45
Apr, 2051 318 $224.12 $1,144.78 $375.00 $1,743.90 $52,643.67
May, 2051 319 $219.35 $1,149.55 $375.00 $1,743.90 $51,494.13
Jun, 2051 320 $214.56 $1,154.34 $375.00 $1,743.90 $50,339.79
Jul, 2051 321 $209.75 $1,159.15 $375.00 $1,743.90 $49,180.64
Aug, 2051 322 $204.92 $1,163.98 $375.00 $1,743.90 $48,016.67
Sep, 2051 323 $200.07 $1,168.83 $375.00 $1,743.90 $46,847.84
Oct, 2051 324 $195.20 $1,173.70 $375.00 $1,743.90 $45,674.15
Nov, 2051 325 $190.31 $1,178.59 $375.00 $1,743.90 $44,495.56
Dec, 2051 326 $185.40 $1,183.50 $375.00 $1,743.90 $43,312.06
Jan, 2052 327 $180.47 $1,188.43 $375.00 $1,743.90 $42,123.63
Feb, 2052 328 $175.52 $1,193.38 $375.00 $1,743.90 $40,930.25
Mar, 2052 329 $170.54 $1,198.35 $375.00 $1,743.90 $39,731.90
Apr, 2052 330 $165.55 $1,203.35 $375.00 $1,743.90 $38,528.56
May, 2052 331 $160.54 $1,208.36 $375.00 $1,743.90 $37,320.20
Jun, 2052 332 $155.50 $1,213.39 $375.00 $1,743.90 $36,106.80
Jul, 2052 333 $150.45 $1,218.45 $375.00 $1,743.90 $34,888.35
Aug, 2052 334 $145.37 $1,223.53 $375.00 $1,743.90 $33,664.83
Sep, 2052 335 $140.27 $1,228.63 $375.00 $1,743.90 $32,436.20
Oct, 2052 336 $135.15 $1,233.74 $375.00 $1,743.90 $31,202.46
Nov, 2052 337 $130.01 $1,238.88 $375.00 $1,743.90 $29,963.57
Dec, 2052 338 $124.85 $1,244.05 $375.00 $1,743.90 $28,719.52
Jan, 2053 339 $119.66 $1,249.23 $375.00 $1,743.90 $27,470.29
Feb, 2053 340 $114.46 $1,254.44 $375.00 $1,743.90 $26,215.86
Mar, 2053 341 $109.23 $1,259.66 $375.00 $1,743.90 $24,956.20
Apr, 2053 342 $103.98 $1,264.91 $375.00 $1,743.90 $23,691.29
May, 2053 343 $98.71 $1,270.18 $375.00 $1,743.90 $22,421.10
Jun, 2053 344 $93.42 $1,275.47 $375.00 $1,743.90 $21,145.63
Jul, 2053 345 $88.11 $1,280.79 $375.00 $1,743.90 $19,864.84
Aug, 2053 346 $82.77 $1,286.12 $375.00 $1,743.90 $18,578.72
Sep, 2053 347 $77.41 $1,291.48 $375.00 $1,743.90 $17,287.23
Oct, 2053 348 $72.03 $1,296.87 $375.00 $1,743.90 $15,990.37
Nov, 2053 349 $66.63 $1,302.27 $375.00 $1,743.90 $14,688.10
Dec, 2053 350 $61.20 $1,307.69 $375.00 $1,743.90 $13,380.40
Jan, 2054 351 $55.75 $1,313.14 $375.00 $1,743.90 $12,067.26
Feb, 2054 352 $50.28 $1,318.61 $375.00 $1,743.90 $10,748.65
Mar, 2054 353 $44.79 $1,324.11 $375.00 $1,743.90 $9,424.54
Apr, 2054 354 $39.27 $1,329.63 $375.00 $1,743.90 $8,094.91
May, 2054 355 $33.73 $1,335.17 $375.00 $1,743.90 $6,759.74
Jun, 2054 356 $28.17 $1,340.73 $375.00 $1,743.90 $5,419.02
Jul, 2054 357 $22.58 $1,346.32 $375.00 $1,743.90 $4,072.70
Aug, 2054 358 $16.97 $1,351.93 $375.00 $1,743.90 $2,720.77
Sep, 2054 359 $11.34 $1,357.56 $375.00 $1,743.90 $1,363.22
Oct, 2054 360 $5.68 $1,363.22 $375.00 $1,743.90 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,850.15 $906.56
Total Extra Payments $0.00 $0.00
Total Interest $237,802.25 $194,034.13
Total Tax, Insurance, PMI & Fees $139,781.25 $116,945.19
Total Payment $677,583.50 $610,979.32
Total Savings $0 $66,604.18
Payoff Date Oct, 2054 Jan, 2050


What is additional principal payment?

The additional principal payment is extra payments that are made towards the principal portion of the mortgage in addition to the regular monthly payments. Additional payments can save borrowers money in the long term as they reduce principal and interest. Depending on the size and frequency of these extra payments and the principal amount, borrowers who pay extra payments regularly may be able to pay off their mortgage years earlier and tens of thousands of dollars in savings on interest payments. There are many ways a borrower can choose to make additional payments towards their mortgage.

  • Biweekly mortgage payments - By making biweekly payments instead of the default monthly payment, borrowers will make an extra payment each year. Please visit our biweekly mortgage calculator with extra payments to learn more.
  • One time extra payment - Borrowers can make a one-time lump sum payment to reduce their mortgage principal. If they receive a special bonus from their job, or an inheritance, they can use that money to make a one-time extra payment.
  • Recurring extra payments - Borrowers can also make recurring extra payments monthly, quarterly, or annually. If you are making more money now than you used to, you can choose to pay off your mortgage faster by making regular extra payments.

No matter which type of extra payments you use, make sure they go toward the principal, and not the interest. Also, discuss with your lenders before making extra payments to make sure there are no penalties or fees.


Mortgage Calculator With Extra Payments Excel

Our loan calculator with extra payments excel has options to select a one time additional payment or set up multiple extra recurring payments. There are four multiple payment options that you can choose from, monthly, biweekly, quarterly, and yearly. Once set up, the additional mortgage payment information will be added to each of your monthly payments and you can view it from the amortization schedule extra payments excel file. There are five types of file formats that you can export the mortgage amortization with extra payments, such as xlsx (Excel after 2007), xls (older versions of Excel), csv, txt, and pdf.


How to Payoff Your Mortgage Early?

There is one reason that you may want to pay off your mortgage early, and that is to save a lot of money on interest. On a regular 30 year term mortgage with a 5% interest, a borrower may end up paying more on interest than principal. If we include other fees such as PMI, tax and insurance, the amount you pay could get much bigger. At the beginning of your 30 year term, your monthly mortgage payments will be mostly towards paying for interest, and little to pay down principal. Only when you are halfway through the 30 year term, your monthly payment starts to pay more for principal than interest. One way to reduce interest payment is through extra payment. That means a borrower makes a one time lump sum payment or makes extra payments each month or year. Some borrowers may consider bi-weekly payments which is the equivalent of making an additional payment each year. On a monthly payment plan, you make 12 payments each year whereas a bi-weekly payment plan allows you to make 13 payments. One extra payment a year may not seem a lot, but it actually saves you a lot of money and pays off your mortgage a couple of years earlier. With our additional payment mortgage calculator, you will see exactly how much you will save by making extra payments. To learn how much money you can save in paying off your mortgage, use the early mortgage payoff calculator.



Are Extra Payments Right For You?

There are many things that you need to consider before starting to make extra payments. Here are the pros and cons.

Pro of Extra Payment


  • Save on interest - You will save a lot of money on interest paid by the end of your mortgage.
  • Save on PMI - If your down payment is less than 20% for your house, lenders may require you to pay private mortgage insurance or PMI. Once your equity on the house is over 20%, the PMI is removed. When you make an additional payment towards principal, your equity will increase and allow you to get rid of PMI payments faster.
  • Payoff your mortgage years earlier - Depending on how much more you will pay extra, you could end up paying off your mortgage many years earlier than the original mortgage term.

Cons of Extra Payment


  • Do you have enough money? - First of all, you need to make sure you have enough money that you can afford the additional payments.
  • Cut spending - Making extra payments may mean that you can no longer spend as much as you used to. You may have to cut expenses and eat out less frequently.
  • Higher interest debt - If you have other debt with a higher interest rate such as credit card debts. You should pay off your credit card bill before you even consider making extra payments for your mortgage. Usually, the interest rate is way higher than a home mortgage. You will lose money in the end if you choose extra payments on your mortgage over credit card debts.
  • Job security - You may need to check the economic condition and make sure your job is safe so that you can continue to make your mortgage payments.
  • Other better Investment opportunities with your money? - Do you have any other better investment opportunities that you may need to pass on because of this extra payment.
  • Are you staying at the house for a long time? - Most of the savings are realized only if you are planning to live in the house for over 20 years. If you are selling the house in a few years, the savings of extra payment may not be worth the effort.
  • Does your lender charge a fee or prepayment penalties? - Savings for the borrower means losses to the lender. Lenders make money from interest payments, and they want to maximize it from the borrower. For this reason, many lenders charge a fee or penalties for extra payment or switching payment plans. Make sure you talk to your lender first.

Everybody's situation is different, so there may be other things that you need to think about before committing to extra payment. If you do decide to make extra payments for your mortgage, make sure the money goes towards paying down principal instead of interest.


How to use the amortization calculator with extra payments

You can use our amortization calculator with extra payments to estimate how much you can save in interest payments with your mortgage. There are four types of extra payments that you can choose from, one time lump sum payments, recurring monthly or biweekly payments, quarterly, and yearly payments. Calculate exactly how much interest payment you can save using our mortgage calculator with extra principal payments. Following are the mortgage calculator definitions Home Value - The estimated value of your property. Down Payment - How much you put down on the house. You can enter the down payment as a percentage of the house or a dollar amount. Mortgage Amount - How much mortgage are you planning to apply for. When you enter the home value and down payment, this field is automatically calculated for you. Loan Terms - How long is your loan terms. The 15-year and 30-year terms are the most common ones. Interest Rate - How much interest will you be paying for the mortgage. PMI - If your down payment is less than 20%, you may have to pay the private mortgage insurance which is an extra cost. Once your equity on the house reaches 20%, you can contact your lender to remove the PMI payment. Property Tax - How much tax are you paying for your property. The property tax varies depending on where you live. You can enter it as a dollar amount or as a percentage of your house. Home Insurance - How much will you be paying for home insurance. Again, you can enter this field as a percentage or dollar amount. HOA Fees - Do you have to pay any homeowners association fees or HOA fees? This is the fee that is required in some residential properties. Payment Frequency - You can choose monthly or bi-weekly. Bi-weekly payments are different from paying two times a month. There are 52 weeks in a year, bi-weekly payment means you make 26 payments each year. First Payment Date - You can choose any payment date as you wish. It can be a date from the past, today, or some other date in the future. Amortization Schedule - You have the option to show the amortization schedule in monthly or yearly format. Extra Payment - Select yes for extra payments, and no for regular payments. If you select extra payment, you need to enter at least one of the four types of additional payment. The additional payment option includes one time, biweekly, quarterly, and yearly.



Amortization Schedule with Extra Payments

The mortgage calculator will give you a summary of the mortgage, such as total extra payment, interest paid, tax, insurance, PMI and fees, and payoff date. You will also get an amortization schedule that shows the details of each payment showing how much you are paying in interest, principal, tax & insurance, PMI, and other fees, as well as the remaining balance on the mortgage. At the end of the amortization schedule, you will see a comparison table between your original mortgage against the one with extra payment. The comparison table shows the difference between total interest, tax, insurance, PMI, and fees, as well as the total payment and savings. The results are exportable and you can download them as a pdf file or in excel format. You can also share the result of the mortgage calculation by sharing the URL with the preset data that you enter.

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